McAfee expects Apple’s iPhone, geolocation services such as Foursquare, and mobile devices to be the target of malware attacks in 2011. The computer security company also predicts attackers targeting shortened URL services and internet TV platforms as well as a rise in politically motivated hacktivisim, as more groups are expected to repeat the WikiLeaks example.
Bruce Berkowit, president of Fairholme Capital Management has a huge stake in bailed-out insurance company American International Group (NYSE: AIG) which has just about doubled in price year-to-date (from just under $30 per share to just under $60).
Stocks finished narrowly mixed in very light trading as a monstrous snow storm on the East Coast likely kept many traders home and a rate hike over the weekend by China dampened some investor sentiment.
Shares of H&R Block Inc. (NYSE: HRB) are dropping after the tax preparation company said that HSBC Holdings Plc (NYSE: HBC) has ended funding its refund-anticipation loans (RALs).
Shares of American International Group Inc. (NYSE: AIG) are soundly higher this morning after the company said it entered bank credit facilities totaling $3-billion.
The top after-market NYSE losers on Thursday are: Mueller Water Products, CareFusion Corp, LSI Corp, Constellation Brands, CONSOL Energy and Constellation Energy Group.
The top after-market NYSE gainers on Thursday are: KB Home, Lennar Corp, Phoenix Companies, Toll Brothers, Office Depot, New York Community Bancorp and Trex.
Stocks finish flat on the last trading day prior to the Christmas holiday. A slew of economic data made little impression on investors.
The revelations produced by WikiLeaks will remain a big issue in the coming years, not only for governments, diplomats and journalists, but especially for corporations.
Although some progress appears to be being made in the euro zone sovereign debt crisis – including the passage of an austerity budget by the Greek Parliament today and a capital injection into Allied Irish Bank (NYSE: AIB) – the most important member of the euro currency bloc, Germany, is unlikely to foot the total bill that will be required to truly resolve this issue.
The top after-market NYSE losers on Wednesday are: Carnival Corp, Christopher & Banks, Phoenix Companies, Orbitz Worldwide, Quiksilver and Invesco.
The top after-market NYSE gainers on Wednesday are: IDT Corp, Office Depot, Limited Brands, Synovus Financial, Hudbay Minerals, Navigant Consulting, Kraton Performance Polymers and Tesoro.
Following are the companies that have declared dividends on Wednesday, Dec. 22: Williams-Sonoma, MSC Industrial Direct, RF Industries, Lindsay, Suffolk Bancorp, First of Long Island, Bank of Commerce, and Acme United.
Stocks rose moderately higher, given a slight boost by a small upward revision to third-quarter GDP and an uptick in sales of existing homes.
This is the best time in decades to buy U.S. stocks, according to Elaine Garzarelli, the analyst who became famous by correctly predicting the stock market crash of October 1987.
Shares of Office Depot Inc. (NYSE: ODP) are climbing today following the filing of an SEC document last night which revealed the company had entered into a new change-in-control (CIC) agreement with several top executives.
Regional bank stocks are getting a big lift today from the agreement by Hancock Holding Co.’s (Nasdaq: HBHC) to acquire another Gulf Coast bank, Whitney Holding Corp. (Nasdaq: WTNY) in a stock-for-stock transaction valued at almost $1.5 billion.
The 2010 holiday shopping season is seeing far more discounts and promotions compared to last year and late holiday bargains are still available.
The companies which are expected to see active trade on Wednesday are NIKE, Red Hat, Bed Bath & Beyond, Tibco Software, Xilinx, Hovnanian Enterprises and Walgreen.
Medtronic Inc. (NYSE:MDT) announced that the U.S. Food and Drug Administration (FDA) approved the medical technology company's device to treat abdominal aneurysm, a blood-filled bulge or ballooning in a part of aorta that runs through abdomen.
NIKE Inc. (NYSE: NKE) reported net income of $457-million, or diluted earnings of $0.94 per share, on revenues of $4.8-billion for the fiscal second quarter of 2011.
The stock market rallied modestly on U.S. mergers and acquisitions (M&A) activities and China’s continued support for European Union’s (EU) sovereign debt market.
